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India's economic pivot from rules-based reform to deals-based tinkering
Originally published in East Asia Forum Quarterly
Prime Minister Narendra Modi's first term saw India climb the Ease of Doing Business rankings. The country placed 63rd in 2019 and 2020, up 79 positions from 142nd when he took office in 2014. Government reports often cite these rankings as evidence of a pro-growth, pro-business and anti-corruption agenda.